Additional European Equity News

Ahold Delhaize (AD NA) – Q4 2022 (EUR): Revenue 23.4bln (exp. 23.2bln). EPS 0.72 (exp. 0.52). Adj. operating margin 4.4% (exp. 3.81%). (Newswires) 

ASML (ASML NA) – Co. says ex-employee in China misappropriated chip data, according to Bloomberg. (Newswires)

Barclays (BARC LN) - Q4 2022 (GBP): Revenue 5.80bln (exp. 5.96bln). CIB revenue 2.58bln (exp. 2.77bln). Consumer, Cards, and Payment revenue 1.29bln (exp. 1.3bln). NII 2.74bln (exp. 3.09bln). CET1 ratio 13.9% (exp. 13.6%). Co. announces a GBP 500mln share buyback programme. RoTE 8.9% (exp. 9.31%). Total operating expenses 4.0bln (exp. 4.09bln). (Newswires)

Defense Names – The German Defence Minister says NATO countries should spend a minimum of 2% of their GDP on defence, saying just 2% will not be enough and it must be the basis for “everything that follows”. (Newswires)

Enel (ENEL IM) - CEO said the sale of Romanian assets is moving in the right direction, and expects a deal before the end of June. (Newswires)

Flughafen Wien (FLU AV) – January passenger numbers 2.07mln, +109%. Cargo volume 17.9k/T, -13%. (Newswires)

Fraport (FRA GY) - Verdi's public sector strike is expected to cause massive disruption on February 17th. (Newswires)

Glencore (GLEN LN) - FY22 (USD): Revenue 256bln (exp. 265bln). Adj. EBIT 26.7bln (exp. 27.4bln). EPS 1.33 (prev. 0.38 Y/Y). Co. launched a USD 1.5bln share buyback, plans a USD 0.40/shr base cash distribution, and an additional USD 500mln “top-up” cash distribution. "High inflation rates and associated tighter monetary conditions present some risk to the economic outlook in 2023. China’s reopening, however, together with a continued global focus on energy security and decarbonisation / electrification, mean that demand for many of our commodities is likely to remain healthy, while supply constraints persist and inventories remain relatively low." (Newswires/Glencore)

Hargreaves Lansdown (HL/ LN) – H1 (GBP): Revenue 350mln (exp. 325mln), adj. PBT 211mln, EPS 0.331. Interim dividend of 0.127shr, +3.6%. Current uncertain economic environment and market conditions are likely to continue impacting investor confidence. 1.768mln active clients, +31k in H1. (Newswires)

Italgas (IG IM) - SNAM is reportedly to sell its stake in Italgas, according to reports. (Newswires)

Kering (KER FP) – Q2 2022 (EUR): Revenue 5.28bln (exp. 5.50bln). Group comp revenue -7.0% (exp. -1.5%). Gucci comp revenue -14% (exp. -9.9%). Revenue breakdown Y/Y: YSL +4%, Bottega Veneta +6%, Other Houses -4%, Eyewear and Corporate +28%. Aims for further profitable growth in 2023 despite macro uncertainty. CFO says the start of 2023 was encouraging in China, whilst Balenciaga sales were still hit in the US in January. (Newswires)

Nexans (NEX FP) – FY22 (EUR): Revenue 8.37bln (prev. 7.37bln Y/Y). Net 248mln (prev. 164mln). EBITDA 599mln (prev. 463mln). Organic revenue +12% Y/Y. (Newswires)

Sandvik (SAND SS) – Co. is to supply SEK 370mln worth of battery EVs to Norway’s Rana Gruber. (Newswires) 

UniCredit (UCG IM) - Co. is said to be exploring strategic options for its merchant acquiring business, according to Bloomberg sources, but talks are at a very preliminary stage. (Newswires) 

Vopak (VPK NA) – Q4 2022 (EUR): Revenue 355.3mln (prev. 315.2mln). Adj. EBIT 148.7mln (prev. 115.9mln). Net 86.9mln (prev. 80.5mln). ROCE 10.6% (prev. 9.6%). (Newswires)

15 Feb 2023 - 07:27- EquitiesData- Source: Newsquawk